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does Rosen honestly believe his re-org plan will succeed if it indeed omits equity?? he can't be that ignorant can he? considering there's the Judge (assuming she's fair), the UST, and the EC in the play.
either way though the 26th will be interesting. as weil will have to discuss equity in some kind of extent in their re-org plan.
that's what i understand.
i'm just interested in what might happen in the next 10 days.. or perhaps nothing at all. you would think something might be going on behind the scenes though. specificially the EC, they must be up to something. either ready to come out hard on weil/fdic/jpm/ etc etc. or perhaps actually negotiating?
anything can happen at any time now??
is it possible that revised offer to put out before the 26th?
is some news expected to come out??
greg cross better show up soon..
maybe a partial intent of this 'agreement' was to piss off the EC and invite them to now storm in, stand on the table, and roar. rosen can't be stupid enough to believe that the EC, along with judge Walrath are that dumb into accepting such a POS agreement. but this gives the EC no longer play nice and come out with some fury over the next couple weeks.
i agree. time to throw everything against the wall and see what sticks. WMI can't even litigate no more.. wtf..
i also can't believe it took them 18 months to work out such a POS 'settlement'
when can we get rid of rosen?
is it cuz the damn 'global settlement' on the newswire said 'creditors' and no mention of shareholders?
what happen to the whole damn hearing?
anyone know if our EC is present? is Venable?
this has come to an end soon.. re-org due end of march.. and the EC are working hard in the background! believe.
seems less and less likely a settlement will be reached by tomorrow.. with the EC filing these new docs etc. ah well.. time to bring it on.. fight to the bitter end with this jpigs/fdicks we shall.
either tonight or first thing in court tomorrow. no way judge W will be given the chance to rule the 4 billion.
i wasn't even aware there was a hearing on the 15th.. it was never on the calendar?
http://www.my.calendars.net/wmi/d01/03/2010?display=M&style=B&positioning=A
but either way. since this isn't happening on monday anymore.. something must have been reached.. at least in principal.
looks like the mm's are working wmi.f hard now lol. last day to make some quick cash and get in.
what a piece of work eh..
calling us "fraudulent".. how the hell can we commit fraud.. and when it comes to fraud, really.. look who's talking. starke is an i**** ..no settlement is fine. but after we get the 4 bil back on friday, the real criminals guilty of fraud will be exposed.
i agree. the mm's can play all they want. but come 11 am friday in delaware, it'll be game over.
wow 100 million shares traded today?
the mm's can play all the games they want but even they must know come friday - it's either your in or your out.
wow 100 million shares traded today?
the mm's can play all the games they want but even they must know come friday - it's either your in or your out.
think of it this way.
if there's no settlement by Friday. judge W will give us the 4 billion back. then on the newswires it'll say "Judge rules that 4 billion dollars is WMI's".. what do you think will happen to the price at that point? either way, it's win win.
wow frankfurts going crazy. it's gonna be a crazy week for us wamu'ers. finally some good sustained action after 18 months of hibernation.
i'm thinking a run at the end of the day.. this is definitely the weekend you wanna be holding shares..
makes sense to me, a week from tomorrow. we may be salivating at the prospect of a global settlement rather than a favorable judgment for the $4 billion. simply said, judge W will not be making a ruling on the $4 billion and hence something else that's BIG (namely settlement) will have to take the place of this otherwise there's no reason for her not to rule.
its pretty certain that judge W will not be making the ruling for the $4 billion next week.. instead a settlement offer of some sorts may be presented. time to buckle in, this coming week is gonna be a great ridee!
too bad no one was hanging out in the hallway?.. rosen and the fdickers/jpiggers must have been pleading to judge W to not rule.. as if she had indeed made the SJ ruling, the E&C would be swooping in, taking control of the case and extorting billions and billions more out of the fdic/jpm than they would be paying through a 'fair' settlement.
it's rather amusing how all the news outlets are reporting this.. but really have no clue what it means if indeed WMI gets the $4 billion back. because if the good judge does rule and return the money to us, the fdic/jpm will be on hook for a ton of extra items - mainly seizing and taking over a solvent bank. i think settlement is near, very near. if anything dumbars jpig should at least make a low ball offer with equity included in it.
where's the EC? Venable/Cross?
better be no friggin delays again. weil and etc have had their chance to try sort this out. if they can't, then it's time to kick them outta the scene and bring in the EC. wishful thinking is that jpm throws in a low ball settlement offer right now though haha.
better be no friggin delays again. weil and etc have had their chance to try sort this out. if they can't, then it's time to kick them outta the scene and bring in the EC. wishful thinking is that jpm throws in a low ball settlement offer right now though haha.
wow sounds like the EC is going to wrestle the power from Weil's hand if Weil doesn't get its act together and get JPM/FDIC to sit down and settle. with the exclusivity ending in a few weeks, this is bound to heat up fast. the EC is definitely no time waster, they're going hard at it. wamuu!
my wild theory is that perhaps dimon has plans to use the profits jpm has been making using WMB and WMI assets to eventually pay us back? and hence the delays over the past 1.5 years.. the longer they can delay they more $ they make off the assets they stole.. and then i bet they'll come in at the end acting like the white knight saying they're gonna pay good $ for everything..but really its just paying us with our 'own' $?
either way.. dimon and jpig are walking on a fine line.. if they try to drag it on any longer.. it won't be just us 'good guys' pointing a gun at them in BK court.. but all those agencies conducting investigations may blow the lid open and use dimon as another example (like madoff)
i see that the WMB bondholder's claims has been moved the April 6 hearing.. my question is.. how can WMI file a re-org plan by the 26th of this month if there are still claims against the estate? or is it because it's a WMB claim that really it's no longer the debtors concern? and is JPIG's concern instead since they 'bought' WMB?
i hope march will be a rocking good month for all us longs!
if fdic/jpm don't get their act together soon. the EC will come to a true value of what WMI is worth.. then those criminals will really pay for it.
awesome chop jpig's price in half and i'd accept that as a settlement pps.
soo... assuming the good judge gives us back our 4 billion on thursday.. does that mean the FDIC ended up seizing a 'solvent' wamu 18 months ago? this would screw Bair over wouldn't it?
how can people say the 4 bil won't be taken care of on thurs because of today's trading? unless someone can read judge W's mind.
for sure. if no settlement is ready and on the table. judge W needs to rule on things. we need to know what's ours and what's not. and where this entire BK case is exactly going. i mean if a trial is needed, so be it, but no more delays for nothing.